Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Genesys Telecommunications (GCTI) -- Ignore unavailable to you. Want to Upgrade?

To: Jay Nitschke who wrote (147)	10/17/1998 8:33:00 PM
From: Fortney Veeble	Read Replies (1) \| Respond to of 220

GCTI jumped yesterday to close at almost 20, more than double its low of 9.12 set a short time ago. Their earnings beat the consensus, and the market jumped on GCTI. Contrast that with competitor Aspect Telecommunications (ASPT) which slightly disappointed street expectations and was hammered. This market is unforgiving to even a slight disappointment. The lesson here for CFO's is to make sure you always guide expectations to be equal to or less than what your company can actually achieve. GCTI's new CEO was formerly their CFO (and before that, CFO at Network Appliance, where Chairman Don Valentine instilled the Cisco way). I suspect McCloskey knows the above rule. I hope he can continue to follow it.